GeoWealth Management LLC Has $9.98 Million Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

GeoWealth Management LLC reduced its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 55.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,223 shares of the company’s stock after selling 59,492 shares during the period. GeoWealth Management LLC owned about 0.09% of iShares MSCI USA Momentum Factor ETF worth $9,978,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Gries Financial LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 1.6% in the fourth quarter. Gries Financial LLC now owns 3,066 shares of the company’s stock worth $634,000 after buying an additional 48 shares during the last quarter. LongView Wealth Management lifted its holdings in iShares MSCI USA Momentum Factor ETF by 2.0% in the 4th quarter. LongView Wealth Management now owns 2,729 shares of the company’s stock worth $565,000 after purchasing an additional 54 shares during the last quarter. MGB Wealth Management LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 7.7% during the fourth quarter. MGB Wealth Management LLC now owns 788 shares of the company’s stock worth $163,000 after purchasing an additional 56 shares during the period. D.A. Davidson & CO. boosted its position in iShares MSCI USA Momentum Factor ETF by 0.8% during the fourth quarter. D.A. Davidson & CO. now owns 7,498 shares of the company’s stock worth $1,551,000 after purchasing an additional 57 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 5.8% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 1,084 shares of the company’s stock valued at $224,000 after purchasing an additional 59 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 6.6 %

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $195.26 on Friday. The firm has a fifty day simple moving average of $206.47 and a 200-day simple moving average of $209.78. The stock has a market capitalization of $13.44 billion, a price-to-earnings ratio of 27.38 and a beta of 1.00. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $229.77.

iShares MSCI USA Momentum Factor ETF Profile

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that is based on the MSCI USA Momentum SR Variant index. The fund tracks an index of large- and mid-cap US equities, selected and weighted based on price appreciation over 6- and 12-month periods and low volatility over the past 3 years.